Continuing the Innovation Journey- connecting the points

IFD 100 pc 1I’m constantly learning, reading, absorbing and interpreting what I understand and then attempting to provide my thoughts to others, those willing to listen about innovation!

Innovation capability building is my 100% focus from my work point of view.

I’m comfortable in much of the understanding of what makes up innovation, totally restless in so much more that is out there to explore and work through – I believe we need to significantly improve potential solutions, through experimentation and prototyping until they become recognized as relevant and applicable and become deeply embedded within our organizations as the accepted approach to innovation design and management.

Investigating, researching and reading all required a significant amount of time, all alongside needing to practice innovation, working to clients’ needs or pushing for their attention to changes taking place within the field of innovation management and what they needed to do about it.

Dynamic capability applied to innovation keeps gaining my increased attention

One area that caught my attention many years back, was the notion of “dynamic capability”, the organizations capacity to change its operation and adapt them to the environmental requirements in systematic and fruitful ways. Academic papers by Teece, Pisano and Shuen, by Eisenhardt and Martin and finally for me, Zollo and Winter, all fueled my thinking at that time.

Orchestration is required for dynamic Innovation

IFD OrchestrationI had not recognized the incredible power of “orchestration” needed in innovation as much as I should have done. Of course it was there, actually all around us, going on all the time but it was not as ‘loud and clear’ in my thinking as it should have been. The blind spot had been my focus on pursuing this continual need to organize around innovation within an organization. Although this is as essential today there has been continued and rapid shifts taking place outside the walls and I was not capturing the dynamics of this well enough .

When we begin to want to orchestrate across external innovation networks we not only need to know ourselves extremely well, we also need to know what others can bring and what is missing. Networks are dynamic, the flow of knowledge, of capabilities and competencies all need somehow capturing. Recognizing this shift in my thinking, allowed me to pick up the baton again and begin to conduct all the different fragments and pull them together, into a different result.

Do you know your innovation stock and its capital potential?

Knowing your innovation ‘stock’ and  ‘capital’ potential

IFD Stock and Capital
Knowing our stock and capital for innovation

If we really want to innovate well, we need to know our ‘innovation stock’. This is where the largest part of our wealth generating capital lies and where it’s potential can be best put to use. We are today increasingly valuing the knowledge perspective far more and with this we are increasingly recognizing the importance of the intellectual capital that makes up the organization.

I, and many others, would argue that we certainly need to re-think many of the old world value delivery systems to assess organizations and make much more of a concerted effort to make innovation that renders different, unique value outcomes, that keep pushing the boundaries of strategic advantage within any business.

Insomnia or a Wakeup Call – Which?


Wake Up or InsomniaYou find yourself slipping into a conference hall unexpectedly. You are confronted by 1,000 participants listening to the conclusions of six very wise-looking people at a table, explaining the outcomes of the summit.

They are talking about a summit declaration by providing 5 calls for action for a Wake-up. Sounds more than interesting, even important.

Now you quickly settle down into your seat, trying to ignore a few turned heads frowning at this sudden interruption after spending their three days working through this Wakeup Call and are quite rightly listening intently. This seems critical, you settle down to listen also.

So, without the drum roll or often accompanied with the appropriate dramatic music the 5 calls are announced:

  • Deliver on the widely accepted and appreciated new instruments and policies (2014-2020) in support of innovation.
  • Build a culture of ‘fail fast’, ‘risk tolerance’, and ‘fast capital’ to cross the valley of death.
  • Create a predictable policy environment and embed innovation as a principle in all measures and decisions.
  • Engage in joint thinking and acting across sectors and along the value chain.
  • Change what you do: a deep mindset change is needed at all levels: companies, administrations, and citizens.

So you have guessed where you are yet?

No, well you are at the winding up of a three day innovation summit held by Knowledge4Innovation (K4I) as the 5th European Innovation meeting that took place in the European Parliament from 30th September until 2nd October 2013.

Apart from 1,000 participants attending, there was in also in attendance three EU Commissioners, 30 members of the European Parliament and 150 speakers contributing their thoughts. According to the press release the conference summit was the largest ever, comprising of 25 events, including the opening and closing ceremonies, a series of conference sessions, workshops, breakfast, lunch and dinner debates organized by summit partners, as well as an exhibition and two press breakfasts.

Am you as overwhelmed by these 5 calls for action to Wake Up Europe?

Beyond the previous boundaries of innovation long gone

Innovation is increasingly moving beyond the previous boundaries of just being left to each organizations scientists or marketing departments, those days are seemingly long gone.

Today and in the future, innovation is about open, inclusive, full of exploration and harmonization to extract the best results.

We seem to have really grasped and recognized the combination-effect that comes from the myriad of different linkages that is propelling innovation activity and bringing increasing confidence within the boardroom.

According to a recent PwC report, optimism has dramatically been raised around innovation, so much so the vast majority within the survey of 1,757 c-suite or executives respondents believe their aggressive growth plans will be driven by organic growth (93%) and not by previous means of M&A activity.

They are talking more radical and breakthrough innovation. BCG in its 2013 report on most innovative companies is equally far more bullish on innovation.